The crypto bear market is proving to be over by the day as crypto prices recover from their bottom prices. Polygon prices, in particular, had a spectacular rise as their prices increased by almost 200% in 2 months. As a result, many investors are now eyeing MATIC in anticipation of higher prices, especially after Ethereum susiliejimas. Is MATIC a good buy in 2022? In this MATIC price prediction, we analyze Polygon prices from a technical perspective.
What is Polygon MATIC crypto?
A pleiskanojimas „Ethereum“ metodą rodo „blockchain“ tinklas poligonas. „Polygon“ tikslas yra atlikti Ethereum sandorius lengviau ir pigiau. Jis naudojasi sluoksnis 2 šoninės grandinės, kurios gali efektyviau paskirstyti didelę operacijų naštą tarp kitų grandinių. Tinklo prieigos rakto pavadinimas yra MATIC. Be dalyvavimo taikant konsensuso patvirtinimo metodą, jis naudojamas operacijų mokesčiams sumokėti. Daugiakampių tinklas kadaise buvo žinomas akronimu MATIC. Ateities „Polygon“ tikslai yra tapti atskiru kelių grandinių tinklu. „Polygon“ save vadina „Ethereum blokų grandinių internetu“.
MATIC Prices breaches 1$ – What Happened?
MATIC prices crashed along with the entire cryptocurrency market. Back in December 2021, MATIC reached a high price of $2.9. However, as the crypto market started to crash, MATIC prices crashed hard and reached a low of $0.34, losing more than 88%.
From that low price, and when the crypto market started to recover, MATIC showed a great recovery, as it managed to grow by around 200% within 2 months to reach the current psychological price of $1.
MATIC Price Prediction – Will MATIC Price reach 2$?
Now that the psychological price of 1$ is reached, MATIC should eye to reach the next psychological target which is the 2$ price mark. However, there is an important resistance to be broken first, which is the $1.35 and the $1.8 price. If MATIC manages to break those two resistances, we can confirm an upcoming MATIC price of 2$.
On the other hand, because of the upcoming Ethereum merge, we predict that there might be high volatility in MATIC prices. This is because Polygon is a layer 2 solution for Ethereum. Any disturbance in Ethereum’s ecosystem might reflect on layer 2s, including MATIC. That’s why we advise to reassess open positions in September 2022 and considering adding stop-loss prices.
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Source: https://cryptoticker.io/en/polygon-matic-price-reach-1-heres-where-its-going-to-go-next/